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AdroFx Review: Versatile for Beginners, Basic for Professionals
AdroFx Review: Versatile for Beginners, Basic for Professionals

Operating status: SCAM

Website: https://adrofx.com/

Broker violations and abnormal records
  • 2022-12-15 The UK FCA Added AdroFx into Its Warnings

    On 16 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that AdroFx was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/adrofx

    On 16 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that AdroFx was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/adrofx
  • 2024-10-15 The NSSMC adds AdroFx to its warning list

    This entity is likely to be offering financial services to Ukrainian consumers. It does not hold an Ukrainian financial services licence from the NSSMC, and is not authorised by a licensee. https://www.nssmc.gov.ua/en/activity/insha-diialnist/zakhyst-investoriv/#tab-2

    This entity is likely to be offering financial services to Ukrainian consumers. It does not hold an Ukrainian financial services licence from the NSSMC, and is not authorised by a licensee. https://www.nssmc.gov.ua/en/activity/insha-diialnist/zakhyst-investoriv/#tab-2
  • 2025-02-20 BrokersView has reviewed that AdroFx is an unregulated broker

    AdroFx previously claimed to have registration number 700546 issued by the Vanuatu Financial Services Commission (VFSC) and number 1061LLC2021 issued by the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA). However, we have confirmed that both registrations have been canceled. This means AdroFx is currently operating without the necessary authorization. Both the Financial Conduct Authority (FCA) and the National Securities and Stock Market Commission (NSSMC) have flagged AdroFx for lacking the required authorization.

    In essence, AdroFx is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.  AdroFx appears to be a scam. 

    AdroFx previously claimed to have registration number 700546 issued by the Vanuatu Financial Services Commission (VFSC) and number 1061LLC2021 issued by the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA). However, we have confirmed that both registrations have been canceled. This means AdroFx is currently operating without the necessary authorization. Both the Financial Conduct Authority (FCA) and the National Securities and Stock Market Commission (NSSMC) have flagged AdroFx for lacking the required authorization. In essence, AdroFx is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. AdroFx appears to be a scam.
  • 2025-02-16 The CNMV issues a warning against ADROFX

     On February 17 2025, the National Securities Market Commission (CNMV) issued a warning against ADROFX, believing this company might be providing financial services or products without proper authorization. https://www.cnmv.es/webservices/verdocumento/ver?e=3zgNTcd2nnJx7EZ5X29fq5qsmhmHlGKVzGKYDPXP7jQPj57IXgF7VdIcuAns0KKL

    On February 17 2025, the National Securities Market Commission (CNMV) issued a warning against ADROFX, believing this company might be providing financial services or products without proper authorization. https://www.cnmv.es/webservices/verdocumento/ver?e=3zgNTcd2nnJx7EZ5X29fq5qsmhmHlGKVzGKYDPXP7jQPj57IXgF7VdIcuAns0KKL

Related Complaints

Q&A

How legit is AdroFx? Could you please advice?

Valentin
Vietnam
2022-04-02
ANSWER AdroFx claims to be authorized and regulated in various jurisdictions.1) Adro M Group LLC is incorporated in St. Vincent and the Grenadines by the Registrar of International Business Companies, and registered by the Financial Services Authority (SVG FSA);2) Adro Markets Ltd is regulated by the business Services of Saint Lucia Act, Cap/No.2020-00157;3) ADROMKT Limited, Company number 700546 is regulated and licensed by Vanuatu Financial Services Commission (VFSC).Regarding the mentioned regulations, we'd like to remind traders that neither SVG FSA nor Saint Lucia regulates or licenses international companies and brokers engaging in forex activities. In terms of the Vanuatu regulation of this broker, we indeed found a matching result from VFSC registry. However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of AdroFx.Moreover, the United Kingdom Financial Conduct Authority (FCA) issued a warning that AdroFx was providing financial services or products in the UK without authorisation. You can check the full warning from here.Overall, it is of certain risk to trade with AdroFx, and we would recommend to choose strongly regulated brokers. If you would like to know more details of this broker, please check our full AdroFx review.
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AdroFx seems to be a good broker. Do they allow scalping?

Laura Van Demo
Monaco
2022-07-25
ANSWER AdroFx, operated by Adro M Group LLC, claims to be an authorized broker under the regulation of the Vanuatu Financial Services Commission (VFSC).Regarding VFSC, please be informed that VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. So VFSC-regulated brokers are not under as strong regulation as UK FCA-, ASIC-, and NFA-regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of AdroFx.Moreover, the United Kingdom Financial Conduct Authority (FCA) issued a warning that AdroFx was providing financial services or products in the UK without authorisation. You can check the full warning from here.Overall, it is of certain risk to trade with AdroFx, and we would recommend to choose strongly regulated brokers. As for the question you asked, it is recommended that you ask the official customer service for a more accurate answer. For more information about this broker, you can check our full AdroFx review.
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31 comments

Marijan
Can't say anything bad, only a positive opinion, best ib conditions and support.
2024-12-13
Reply
Elisa Nachum
AdroFx has a great choice of assets in the trading platform: indices; commodities; currencies; crypto; shares. The platform itself is reliable and fast as the orders are fulfilled instantly. But the customer service is not good.
2023-08-23
Reply
Buber
I'm using EA with it's scalping strategy, good swap rate there
2023-06-29
Reply
Reita Mante
There are a lot of scam investment websites, but this one is a trusted platform for trading. You will have profits if you have a good strategy.
2023-06-22
Reply
Johnson Kunde
Very few brokers offer such condition as I received here, 5 from 5, thanks.
2023-06-20
Reply
GreatFrank
This broker is providing with amazing service, I would reccomend to my friends, my account number 225447
2023-05-25
Reply
Ataturk
my account number 505221, I wish to rate this broker 5/5 for the absolute perfect customer relationship.
2023-05-18
Reply
JorgeBelfast
Better than usualy broker, amazing service, I am satisfied.
2023-05-13
Reply
BrianHowdy
I like AdroFx. I started trading here on a demo account in AdroFx, but now I'm so experienced and have strong knowledge and get cool forex bonus
2023-05-11
Reply
Bohyt
Hey, actually you can try swing trading in a bear market and you will get money at a rapid pace. But as for me, I prefer bull markets, they are calmer and more interesting for me.
2023-05-02
Reply

1-10 of 31 comments

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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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